Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Big Bucks who wrote (7521)	10/15/2003 8:52:13 AM
From: Proud_Infidel	Read Replies (4) of 25522

BB, Re: Regarding globalization, if a company or country loses their dominant manufacturing position they become followers or consumers. In any case, there is a transfer of wealth from the consumer nation to the manufacturing nation for the finished goods Not so sure I agree with this as it is highly simplified.....too much so when discussing the complex nature of globalization and trade. Take Nike as an example. They do practically all of their manufacturing outside of the United States and yet the countries they do business in can in no way be said to be amassing wealth because of this arrangement. Wealth is amassed through constant innovation and IP, not necessarily manufacturing in and of itself. Although it must be stated that if the US lost the plant of GM or Ford, it would be disastrous. Brian

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